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ACCA Strategic Professional · Strategic Business Reporting (International) · Professional and ethical behaviour in corporate reporting

Which of the following best describes why a professional accountant who raises a concern about misreporting should keep a written record of the facts, discussions held and decisions taken?

Keeping written records gives evidence of the issue, the discussions held and the reasoning behind the accountant's actions, which helps defend their conduct if it is later questioned. It does not guarantee legal protection, permit free disclosure, or replace escalation through proper channels.

  1. AIt guarantees legal protection from dismissal in every jurisdiction
  2. BIt provides evidence of the issue, the accountant's actions and the reasoning, supporting later defence of their conductCorrect
  3. CIt allows the accountant to share the record freely with the press
  4. DIt replaces the need to escalate the issue internally

Explanation

Documentation evidences the facts, the principles considered, the people consulted and the conclusions reached, helping the accountant justify their conduct if later challenged. It does not guarantee legal protection, does not permit unrestricted disclosure, and is not a substitute for escalation.

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